Report by Nana POKU
Ghana seems to be celebrating inflation dropping to 20.4 % in August, 2024, against the figure of 20.9 % in July
2024.
This was announced by the Acting Government Statistician at his biweekly briefing of the media at their
headquarters in Accra with respect to the Consumer Price Index.
This is a result of items collected from 57 markets in 8,337 outlets and 47,800 put under 13 divisions.
This then means inflation on month on month of general price level stood at 20.4 % higher than 2023 August record.
Month on month average between July and August was -0.7 % as against 2.1 % difference in June- July, 2024.
Food inflation also came down from 21.5 % last month to 19.1 % in August 2024 with 2.2 % month on month
difference.
Non-food inflation rather saw a slight upsurge from 20.5 % to 21.5 % with a difference of 0.7 %.
Inflation for locally produced items stood up to 22.2 %, while that of imported items stood at 16.1 %
The Upper East region with 41.5 % had the highest figure; followed by the Savana and Bono East.
The least affected region is the North East region with a rate of 12.19 % on a national scale.
